The Ivorian government sets plans to increase its defense investment next year. To address the growing terrorist activity in the country, Côte d'Ivoire will invest $651 million (CFA378 milliards) in 2022. This is $43 million more than the amount invested this year (+7%).
The 2022 defense expenditure represents about 3% of the total state budget of $17 billion proposed by the government for next year. Recently, Côte d'Ivoire has been experiencing security issues, particularly on its border with Burkina Faso, which has been under increasing attack by jihadist groups since June 2020. These attacks have already claimed the lives of nearly twenty Ivorian defense and security forces.
Sharing a border with Burkina Faso, which is one of the hotbeds of terrorism in West Africa, Côte d'Ivoire has undertaken several initiatives to deal with the growing threat since the attacks of Grand-Bassam in 2016. The country recently created an International Academy for Counter-Terrorism (AILCT) to better equip the army. Just over a week ago, the government also announced the acquisition of two aircrafts to strengthen border surveillance.
Jean-Marc Gogbeu, intern
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...